Garima Shahani

Partner

people

Garima specialises in banking and finance and has over 8 years of working experience.

She is qualified to practice both Indian and New York law and has worked with the Singapore office of Linklaters LLP for a couple of years. She frequently represents leading banks, NBFCs, multilateral financial institutions and other credit providers (both domestic and overseas) as well as private equity sponsors and leading companies on both onshore and offshore financings. She has extensive experience in transactions ranging from cross-border financings, external commercial borrowings, acquisition financings, margin loan financings, real estate financings, construction financings, securitisations, and trade financings.

Relevant Experience:

  • Asian Infrastructure Investment Bank with respect to subscription of senior, secured, redeemable, transferable, unlisted and rated NCDs issued by a leading NBFC for onward lending to eligible beneficiaries in accordance with the guidelines prescribed by AIIB.
  • Arrangers and lenders on a Bain sponsored leverage buy out financing for acquisition of a 55% stake in Dhoot Transmission Private Limited.
  • Arrangers and lenders on a Brookfield sponsored margin loan financing backed by a pledge of REIT units.
  • Datascape Realty Private Limited (a portfolio company of CapitaLand in India) on a secured financing facility for construction of a data center in Maharashtra.
  • Glencore on multiple financing arrangements including in connection with export of certain metal commodities by Indian manufacturers and sellers.
  • IFC and Barclays Bank Plc in connection with a dual tranche securitisation where one of India’s leading NBFC assigned an identified portfolio of loans and receivables to a Trust and IFC and Barclays Bank Plc subscribed to the pass-through certificates for the approximate amount of INR 114 million issued by the Trust (acting through its trustee, IDBI Trusteeship Services Limited) in respect of their respective tranche.
  • IFC on financing made available to India’s first asset backed securitization fund, Vivriti Fixed Income Fund – Series 3 IFSC LLP (Vivriti), an alternate investment fund (AIF) established in GIFT City, for an aggregate principal amount of up to USD 30 million. Vivriti is sponsored by Vivriti Asset Management Private Limited – an asset management company and a subsidiary of Vivriti Capital Private Limited. This is the first NAV financing for an AIF established in GIFT City in India. The loan proceeds will be utilised by Vivriti to finance its downstream credit investments in India – utilising its license as a foreign portfolio investor – in the form of pass-through certificates issued by onshore securitisation trusts and NCDs issued by Reserve Bank of India regulated banking or non-banking finance companies.
  • Arrangers and lenders on the Indian law aspects of a secured offshore term loan financing backed by units of an InvIT sponsored by KKR. This is the first secured InvIT units backed financing in India.
  • Advised Mavco Investments, an entity of the Murugappa Group on a secured external commercial borrowing through a Euro denominated syndicated term loan facility with Standard Chartered Bank PLC as the lead arranger for acquisition of Hubergroup’s German entity, MHM Holdings, specializing in printing inks and chemicals.
  • Shapoorji Pallonji Group on issuance of cross guaranteed, cross collateralised and cash pooled secured, unlisted non-convertible debentures to one of India’s leading real estate fund for refinancing of maturing debt, providing finance for construction and development of new projects and working capital.

Memberships

  • Certified to practice law in India and a member of the Bar Council of Delhi, September 2015.
  • Admitted to practice in the State of New York, September 2019.

Qualifications

  • 2018 LL.M., May 2018, New York University School of Law, New York
  • 2015 B.A. (Hons.), LL.B. (Trade Law Hons.), May 2015, National Law University, Jodhpur, Gold medal for securing the highest CGPA in the class of 2015 for the B.A. (Hons.), LL.B. (Hons.) course.
expertise

Expertise

Practice Areas

  • Banking and Finance